All Forum Posts by: Jaxon Pearl

I and 2 family members own some rental properties. Our current strategy is to pay them down as quickly as possible and to not take any money or distributions for ourselves until they are completely paid off. For one property, it should take 7 years. Meaning, in 7 years, the entire loan (100% leveraged) will be paid back. Another property is looking at 10 years to do this, and another 15 years to do this.

Wondering if anyone has strong opinions on the pros and cons of paying your property down fast vs paying it down over 20 - 30 years. Thanks.